Personally, I think the Jon Jones hype is justified. That guy is amazing and he has looked great in all his fights. As for Lyoto and Lesnar, after 1 or two fights, you seem to have written them off. While some people know me as the guy who thinks Brock is massively overrated due to hype. He is still an accomplished UFC fighter and you cannot deny what he has done, same with Machida. No fighter is invincible and will get losses. I mean, Fedor lost to Werdum and people still believe that Fedor is STILL #1 P4P fighter over GSP and Anderson Silva, mostly because of his past accomplishments. Hype for fighters doesent just come from the UFC, alot of it comes from the Fans, the MMA "experts", other promotions, and what the fighters have done. 1-2 losses will stall a fighter, but it doesent hurt anything they have done before that.
I know people are slagging the UFC daily going "Oh they overrate their fighters SOO MUCH, they think they are the best, haha they thought Brock Lesnar was the best and he only had 5 fights haha!" Let me clarify things, how big of a record the fighter has means very little. It is the people that the fighter has beaten and the amount he has beaten them is what holds significance. Guys like Fedor, Big Nog, Anderson Silva, BJ Penn these guys are considered some of the greatest of all time because of the people they fought and beat. BJ Penn's record of 16-7-1 doesent look the greatest but look at all the guys he fought. Same with Brock, he came with 1 fight to the UFC and he was fed to the wolves yet managed to knock off some good people. Look at Jeremy Horn who is 87-20-5, should he be the #1 P4P? I mean he does have a great record with over 100 fights. Its because he mostly fought a bunch of nobodies.
And yes people can overrate or over hype fighters all the time. I just read a long thread with people saying that Nick Diaz could beat GSP quite well if they ever fought. This was due to a video of Gilbert Melendez saying that Jake Shields and Nick Diaz especially could handle GSP no problem. And if people disagreed, they are "ZuffaZombies" or buy into the "UFC Hype". They are people like that all the time, but talk is cheap and they will never know unless they actually fought. But GSP is considered the #1 P4P by many, give him some credit that he would be still favoured to win because he is THAT good.
The UFC hype machine is not a force as people realize. They could say all the things they want to, but the performances in the Octagon/Ring speak for themselves to determine who really is a great fighter. GSP showed up at a StrikeForce Event and they were raving about him. To be considered great in MMA you gotta fight the best in MMA, allegiances and affiliations mean nothing. Sorry if I wrote alot.